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$403,000

NAL Estimated Property Value

3169 County Road 700, Farmersville, TX, 75442

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,840 Sq Ft
price_per_sqft$110.92 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Oven

Exterior

Lot Size2.76 acres

Building Information

Year Built1985
Stories1
Garage Spaces2

Land Information

APNR-1591-000-012A-1
Lot Number12A
SubdivisionSunset Place
Land UseReal Farm & Ranch Single Family
Legal DescriptionSUNSET PLACE, LOT 12A; ( REPLAT ) REPLAT
Census Tract031101
Assessed Land Value$110,200
Assessed Improvement Value$242,276
Assessment Year2025

About this property

Backup and kickout offers will be reviewed. Options and opportunity abound, on this 2.755 Acre parcel, with a huge 40x100 workshop, with 325 amp service, and a handyman special 4 bedroom 2 bath home, with an existing 5 ton geothermal HVAC system. The 375 feet of asphalt frontage, outside of incorporated Farmersville, in Bland ISD, has no Deed Restrictions and no flood plain. Location is important and you are so close to downtown Farmersville and State Highway 380 which is your corridor West to McKinney or East to Caddo Mills and Greenville. Platting is complete. The home needs updating, but per the Seller, the Hardy style siding has been purchased and is onsite for the new owner. Additionally, the adjacent 9.157 acres is for sale as MLS 20702188. With some work you can restore the home, realize sweat equity and have a business vision close to the future 380 Bypass and Collin County Outer Loop. Graphic boundary is approximate and buyer should perform due diligence. Existing gentle deed restrictions.

Investor Tools

Property Icon
$403,000
Estimated Property Value
$0Estimated Mortgage Balance
$403,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,418 /month
Positive
Cash Flow Estimate:
$806 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$251/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$997
$352,476
2025
$110,200
$242,276
$352,476
No

Tax History

Year
Tax Paid
Assessed Value
2024
$997
$352,476

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$403,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
N/A
+$2,572/mo
7.7%

City: Farmersville

3169 County Road 700 | Property Details | No Agent List